Player Updates

Updating a previous note, Smith will be traded from Kansas City to Washington in exchange for Kendall Fuller and a third-round draft pick, Adam Schefter of ESPN.com reports.

Once he joins the Redskins, Smith is expected to sign a four-year, $94 million extension with $70 million guaranteed, which is still expected to be a cheaper alternative than signing Kirk Cousins to a long-term deal. Again, none of this will take place until the new league year begins on March 14. Smith, who will turn 34 in May, spent the past five seasons in Kansas City after being traded from San Francisco in 2013 in favor of a younger option in Colin Kaepernick -- an eerily similar situation to the current deal that will cement second-year pro Patrick Mahomes as the Chiefs' starting quarterback in 2018. Smith led the Chiefs to the postseason in four of his five seasons with the team and saved his best performance for last, posting a league-best 104.7 passer rating in 2017 while recording career-highs in passing yards (4,042) and touchdowns (26).

Smith will sign a four-year contract extension with the Redskins, Adam Schefter of ESPN.com reports.

Smith was heading into the final year of his contract with Kansas City but will now be under contract with Washington until 2022. At the earliest, the extension will be signed at the beginning of the new league year, March 14, which is when the trade will officially go through. The specifics of the extension remain unknown but look for those details to emerge over the next couple of weeks.

An agreement is in place between Kansas City and Washington to trade Smith to the Redskins, Terez Paylor of The Kansas City Star reports.

Information on the trade remains largely unknown, as the deal cannot take place until the new league year officially starts on March 14. Smith is coming off one of the best seasons of his career, setting career-highs in passing yards (4,042) and touchdowns (26). With Smith heading to Washington, Kirk Cousins will now need to find a new home after receiving the franchise tag each of the past two seasons.

Smith completed 24 of 33 passes for 264 yards and two touchdowns while adding 13 yards on four carries without a turnover in Saturday's 22-21, wild-card round loss to the Titans.

Smith threw for a career-best 154 first-quarter yards in leading his team to a 14-0 lead, including a 13-yard score to Travis Kelce. Kelce went down with a concussion in the second quarter, however, and the Kansas City offense largely stalled after that, though Smith did give the team a 21-3 lead with a 14-yard touchdown pass to Demarcus Robinson three seconds before halftime. This was yet another disappointing postseason exit for the 33-year-old signal-caller, and his team traded up in this past draft to take quarterback Patrick Mahomes 10th overall, so it wouldn't be surprising to see Smith in a different uniform next year even though he currently has one year remaining on his deal.

Smith is officially active but not expected to play in Sunday's season finale against the Broncos.

Smith's status means he'll be in uniform and available to step in should rookie Patrick Mahomes suffer an injury, but that projects to be the only scenario under which he'd see the field before the postseason.